The financial crisis took a bite out of just about everyone's portfolio, and higher education endowments were no exception. Here, we look at how the top university endowments in New England fared last year, based on a survey of 842 colleges and universities by the National Association of College and University Business Officers and Commonfund, an investment firm for endowments. Note: Not all schools participated in the study, which is why some schools, like M.I.T (which the school reported as 8 billion in 2009), are not included in this list.
Also, a decline in value doesn't mean a school lost all that money in the markets. It just the endowment balance went down. About 3 percent of Harvard's losses, for example, came from spending on school programs.